From the Wires
Renesas Electronics Revises Full-Year Forecasts
Dec. 10, 2012 02:20 AM
Renesas Electronics Corporation (TSE: 6723), a premier supplier of
advanced semiconductor solutions, today revised its consolidated
financial forecasts for the full year (the period from April 1, 2012 to
March 31, 2013), which it disclosed on August 2, 2012.
1. Revised forecasts for the full-year consolidated financial
results
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|
|
|
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(For the year ending March 31, 2013)
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In millions of yen
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Net Sales
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Operating
Income
(loss)
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Ordinary
Income
(Loss)
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Net Income
(Loss)
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Net Income
(Loss) per
Share (Yen)
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Previous forecasts
(As of August 2, 2012)
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868,000
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21,000
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10,000
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(150,000)
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(359.60)
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Revised forecasts
(As of December 10, 2012)
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820,000
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21,000
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10,000
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(150,000)
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(359.60)
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Increase (decrease)
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(48,000)
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0
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0
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0
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－
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Percent change
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(5.5)
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－
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－
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－
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－
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Reference:
Results for the year
ended March 31, 2012
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883,112
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(56,750)
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(61,228)
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(62,600)
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(150.08)
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Background to the revision of full-year forecasts
Renesas announced the following revisions to its forecasts for the
fiscal year ending March 31, 2013: net sales are expected to total 820.0
billion yen, 48.0 billion yen down from the previous forecast (announced
on August 2, 2012); semiconductor sales are expected to total 760.0
billion yen, 51.0 billion yen down from the previous forecast.
As factors including prolonged debt worries in Europe, further market
slowdown in China and other emerging economies as well as increased
uncertainty of Japan-China relations might impact on demand, Renesas
forecasts its sales to be less than the original expectations and has
made a downward revision to its forecasts for both net sales and
semiconductor sales. The company expects the sales from three product
areas, MCUs, analog and power (A&P) devices and system-on-Chip (SoC)
solutions; to decline from the previous forecast.
Although there might be the anticipation of the reduction of the incomes
with decline of semiconductor sales, Renesas has not changed its
forecasts for operating income, ordinary income and net income from the
figure announced on August 2, 2012, by streamlining production and
further expense reduction measures.
The consolidated financial forecasts for the second half of the fiscal
year ending March 31, 2013 are based on the rate of 81 yen per USD and
105 yen per Euro.
Forward-Looking Statements
The statements in this press release with respect to the plans,
strategies and financial outlook of Renesas Electronics and its
consolidated subsidiaries (collectively “we”) are forward-looking
statements involving risks and uncertainties. We caution you in advance
that actual results may differ materially from such forward-looking
statements due to several important factors including, but not limited
to, general economic conditions in our markets, which are primarily
Japan, North America, Asia, and Europe; demand for, and competitive
pricing pressure on, products and services in the marketplace; ability
to continue to win acceptance of products and services in these highly
competitive markets; and fluctuations in currency exchange rates,
particularly between the yen and the U.S. dollar. Among other factors,
downturn of the world economy; deteriorating financial conditions in
world markets, or deterioration in domestic and overseas stock markets,
may cause actual results to differ from the projected results forecast.
About Renesas Electronics Corporation
Renesas Electronics Corporation (TSE: 6723), the world’s number one
supplier of microcontrollers, is a premier supplier of advanced
semiconductor solutions including microcontrollers, SoC solutions and a
broad-range of analog and power devices. Business operations began as
Renesas Electronics in April 2010 through the integration of NEC
Electronics Corporation (TSE:6723) and Renesas Technology Corp., with
operations spanning research, development, design and manufacturing for
a wide range of applications. Headquartered in Japan, Renesas
Electronics has subsidiaries in 20 countries worldwide. More information
can be found at www.renesas.com.
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